“If don’t have a job and you’re not rich, blame yourself.” You can take many positions on Herman Cain’s argument, but how about the position that he’s right. We who are part of the 99% may find it a tough pill to swallow, but if we are honest, there is some truth in the matter. The fallacy that one can make it to the top with only hardwork and intellect sounds good. This would seem as if hard work and intellect can achieve success without help from others or even luck. Per Steve Jobs, if all it took to be successful was hard work and intellect, Bill Gates would be in the poorhouse as a billionaire who is”unimaginative and has never invented anything.”
Herman Cain’s statement comes off elitist and it’s pretty evident that he meant it that way, however, the statement bears truth in how 99% of America lives. We just can’t let the Joneses’ beat us and don’t understand that those darn Joneses’ will always have more than we do. Trying to keep up causes us to buy into a consumer centric, middle class killing economy. An economy that offers us what the Joneses’ have, at more than we can afford, that keeps us in debt to the 1%. So in a cruel, twisted sense, the 99%ers are occupying themselves as we make the 1%ers the 1%er. We need to change the game, but you can’t change the game from the outside. It would be like the US Rugby Association fighting to change the rules of the NFL to favor more rugby oriented philosophies. They are different games, different athletes, and a huge difference in stakes.
The answer for the 99% is to become investors not borrowers. In hard economic times its tough to set money aside, but if you don’t, your lack is your fault. Perhaps it’s too late for you, but what about your children? Take your child, teach them to save, start them out with a modest nest egg, and teach them to contribute monthly. Contributing modestly and investing wisely, they could have hundreds of thousands saved by the time they are 50. Feel 50 is too late to become rich? Fine, then your children should pass the nest egg on to their children, teach them how to invest and they can become rich!
Three things just happened. You entered the right game, you built the right kind of athletes, and you increased the stakes of the game. It make take a couple generations to change the mentality of the 99%, but what’s a couple generations of wait when we have never really been in the game. Yes, the deck is stacked against us, but if we are not willing to take risk or make sacrifices like the 1%, we just need to blame ourselves.